8540 E MCDOWELL Road 122, Mesa, AZ 85207, Mesa, 85207 - 4 bed, 4 bath
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8540 E MCDOWELL Road 122
Mesa, AZ 85207
ACTIVE
CONDITION: GOOD
4Beds
4Baths
3,827Sq Ft
43,364Lot Size
Property Price
LIST PRICE$1,149,000
EST. MARKET VALUE
$1,149,000
SUMMARY
This Hacienda-Style Custom Estate represents a Prime Investment Opportunity, with a List Price of $1,265,000—positioned well below the $1,311,354 Fair Market Value by 3%. This valuation gap offers $46,354 in Instant Equity. Maintaining a Move-In Ready Condition Rating, the property features 14-foot ceilings, a Pebble Tec pool, and panoramic mountain views from a dedicated deck. Recent 2024 updates, including a new roof and fresh paint, ensure immediate lifestyle quality and reduced maintenance overhead. This is an ideal acquisition for Owner-Occupants or Luxury Home Seekers.
Estimated Market Value
$1,149,000
Based on Realkey algorithm analyzing recent comparable sales in Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8540 E MCDOWELL Road 122 Subject | $1,149,000* List Price | 4 | 4 | 3,827 | $300 | - |
A 8540 E McDowell Road 116 Sold | $925,000 | 3 | 3 | 4,152 | $223 | 0.0 mi |
B 8540 E MCDOWELL Road 117 Sold | $1,210,000 | 3 | 3 | 3,253 | $372 | 0.1 mi |
C 3051 N 80TH Street Sold | $1,228,000 | 4 | 3 | 3,539 | $347 | 0.7 mi |
D 8334 E LAUREL Circle Sold | $975,000 | 3 | 4 | 2,989 | $326 | 0.7 mi |
E 8540 E MCDOWELL Road 116 Active Under Contract | $1,019,000 List Price | 3 | 3 | 4,152 | $245 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is in move-in ready condition with significant recent capital improvements, including a new roof, fresh interior/exterior paint, and updated landscaping as of 2024. While the interior aesthetic—characterized by Saltillo tile, glass block shower enclosures, and oak cabinetry—reflects its 1998 build date, the home has been meticulously maintained. The high-end custom features such as 14-foot ceilings, 8-foot solid wood doors, and a Pebble Tec pool elevate the quality above a standard 'fair' rating, despite the dated stylistic choices.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43364, living area = 3827.
- Recent Capital Improvements
The property offers worry-free living with a new roof, fresh interior and exterior paint, and completely redone landscaping and irrigation as of 2024.
- Expansive Lot and Views
Situated on a rare corner lot of nearly an acre, the estate features a dedicated view deck providing panoramic mountain and valley vistas along with a private Pebble Tec pool.
CONSRISKS & DEFICIENCIES
- Dated Interior Finishes
While authentic to the Hacienda style, the extensive Saltillo tile and 1998 original design elements may require modernization to appeal to buyers seeking contemporary luxury trends.
- High Maintenance Overhead
The nearly one-acre lot size combined with a large pool and significant square footage suggests higher-than-average ongoing costs for utilities, cleaning, and landscape preservation.
About 8540 E MCDOWELL Road 122
Welcome to Southwestern Luxury Living! Located in highly desirable Thunder Mountain Estates, this Hacienda-Style custom home sits on a corner lot nearly an acre in size! Featuring 4 bedrooms, including a HUGE primary suite & a large guest ensuite, it showcases soaring 14'ceilings,oversized windows, 8' solid wood doors, and Saltillo tile throughout. 6 exterior doors & 4 porches provide access to anywhere on the grounds, including the Pebble Tec pool, a view deck for unforgettable sunsets & panoramic views, and pristine desert landscaping! Got cars/trucks or toys? The Extended 4-car garage with 220v circuit has you covered! Enjoy worry-free living with new roofs, fresh interior/exterior paint & new landscaping/ irrigation. One of only a few homes connected to City of Mesa Sewer (no septic!)
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 43,364 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $307 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,827 | 1,890.26 |
| Lot Size | 43,364 | 7,798.376 |
| Price | $1.15M | $485.4K |
| Price per sq ft | $300 | $264 |
| Built year | 1998 | 1994 |
| HOA | $307 | $174 |
| Days on market | 189 | 69 |
Pricing History
Listed for Sale
Aug 8, 2026
$1,149,000
$1,175,000
-2% Price Drop
Initial Listing
Price Change
Jul 9, 2026
$1,175,000
$1,200,000
-2% Price Drop
Initial Listing
Price Change
Jun 5, 2026
$1,200,000
$1,220,000
-2% Price Drop
Initial Listing
Price Change
May 1, 2026
$1,220,000
$1,265,000
-4% Price Drop
Initial Listing
Price Change
Mar 12, 2026
$1,265,000
Initial Listing